MARKET CLOSE NZ growth stocks fall as investors raise cash for Genesis; Pacific Edge, Xero drop

Tue, 01 Apr 2014

By Suze Metherell April 1 (BusinessDesk) – New Zealand shares fell as investors took the opportunity to take profit from high-growth stocks to raise cash ahead of the government’s public listing of Genesis Energy. Pacific Edge, Diligent Board Members Services, A2 Corp and Xero declined. The NZX 50 Index fell 17.463 points, or 0.3 percent, to 5122.519. Within the index, 29 stocks fell, 11 rose and 10 were unchanged. Turnover was $115.7 million. Investors sold shares to make room in their portfolios for the partial privatisation of Genesis, o...

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